US Sen. Maj. Leader Schumer: Hopeful Senate will pass infrastructure bill by week-end

Eren Sengezer FXStreet

Senate Democratic leader Chuck Schumer told reporters on Tuesday that he is optimistic on the bipartisan infrastructure bill and added that he is hopeful for the Senate to pass the bill by the end of the week, as reported by Reuters.

Market reaction

These remarks don't seem to be helping Wall Street's main indexes stage a convincing rebound. As of writing, the Dow Jones Industrial Average was down 0.45% on the day at 34,984, the S&P 500 was losing 0.75% at 4,388 and the Nasdaq Composite falling 1.55% at 14,890.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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